Investors Sell SVB Financial Group (SIVB) on Strength (SIVB)

Traders sold shares of SVB Financial Group (NASDAQ:SIVB) on strength during trading on Friday. $29.05 million flowed into the stock on the tick-up and $38.58 million flowed out of the stock on the tick-down, for a money net flow of $9.53 million out of the stock. Of all stocks tracked, SVB Financial Group had the 33rd highest net out-flow for the day. SVB Financial Group traded up $1.69 for the day and closed at $250.83

Several brokerages have recently issued reports on SIVB. BidaskClub lowered SVB Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 31st. FIG Partners lowered SVB Financial Group from an “outperform” rating to a “market perform” rating in a research note on Friday, January 26th. Wells Fargo reaffirmed an “outperform” rating and set a $280.00 price target (up previously from $240.00) on shares of SVB Financial Group in a research note on Tuesday, January 9th. Morgan Stanley upped their price target on SVB Financial Group from $275.00 to $280.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. Finally, Stephens reaffirmed a “buy” rating on shares of SVB Financial Group in a research note on Tuesday, March 20th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. SVB Financial Group presently has a consensus rating of “Buy” and a consensus price target of $260.42.

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The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.16. The company has a market cap of $12,837.40, a PE ratio of 25.31, a price-to-earnings-growth ratio of 1.58 and a beta of 1.44.

SVB Financial Group (NASDAQ:SIVB) last released its earnings results on Thursday, January 25th. The bank reported $2.19 earnings per share for the quarter, missing the consensus estimate of $2.60 by ($0.41). SVB Financial Group had a net margin of 24.25% and a return on equity of 12.83%. The company had revenue of $545.97 million during the quarter, compared to analyst estimates of $523.45 million. During the same period in the previous year, the company posted $1.89 EPS. equities research analysts predict that SVB Financial Group will post 13.98 earnings per share for the current fiscal year.

In other SVB Financial Group news, insider Michelle Draper sold 2,510 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $248.95, for a total value of $624,864.50. Following the transaction, the insider now owns 7,879 shares of the company’s stock, valued at $1,961,477.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Philip C. Cox sold 1,175 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $252.77, for a total value of $297,004.75. Following the completion of the transaction, the insider now directly owns 4,097 shares in the company, valued at approximately $1,035,598.69. The disclosure for this sale can be found here. Insiders sold 11,213 shares of company stock worth $2,724,673 in the last three months. Insiders own 0.74% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Suntrust Banks Inc. lifted its stake in SVB Financial Group by 2.2% in the fourth quarter. Suntrust Banks Inc. now owns 20,453 shares of the bank’s stock valued at $4,780,000 after buying an additional 432 shares during the period. Barometer Capital Management Inc. acquired a new position in SVB Financial Group in the fourth quarter valued at about $10,987,000. Driehaus Capital Management LLC lifted its stake in SVB Financial Group by 133.5% in the fourth quarter. Driehaus Capital Management LLC now owns 8,174 shares of the bank’s stock valued at $1,911,000 after buying an additional 4,674 shares during the period. Quantitative Systematic Strategies LLC acquired a new position in SVB Financial Group in the fourth quarter valued at about $226,000. Finally, Two Sigma Advisers LP lifted its stake in SVB Financial Group by 1.5% in the fourth quarter. Two Sigma Advisers LP now owns 168,502 shares of the bank’s stock valued at $39,391,000 after buying an additional 2,477 shares during the period. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

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SVB Financial Group Company Profile

SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. Its Global Commercial Bank segment offers deposit products, such as business and analysis checking, money market, multi-currency, in-country bank, and sweep accounts, as well as merchant, remote capture, lockbox, electronic deposit capture, and fraud control services; credit products and services comprising term loans, equipment loans, asset-based loans, revolving lines of credit, accounts-receivable-based lines of credit, capital call lines of credit, and credit cards; and payment and cash management products and services, including wire transfer and automated clearing house payment, bill pay, debit card account analysis, and disbursement, as well as online and mobile banking services.

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